Tilray Brands stock price has rebounded in the past three days, and chances are that the surge will accelerate as a new catalyst emerges. TLRY rose to $8.43, a few days after the company completed its reverse stock split. It has now jumped by 21% from its lowest point this month. 

Trump to push for cannabis reclassification

Tilray stock price surged by over 30% in the extended hours after media reports suggested that Donald Trump was planning to push for the reclassification of cannabis as a less dangerous drug. Other cannabis stocks like Trulieve and Canopy Growth also surged.

According to Bloomberg, the president plans to direct his administration to move to reclassify cannabis, a process that Joe Biden, his predecessor, started a few years ago.

It will be an ironic situation if the deal goes through, as Donald Trump is a Republican, a party that has constantly become a stumbling block for the industry.

Bloomberg noted that the president had discussed that issue with top executives in the cannabis industry, many of whom contributed to his campaign. He also discussed the idea with Robert Kennedy, the Director of Health and Human Services, and Mehmet Oz.

Rescheduling cannabis from Schedule 1 would be a big thing for companies in the industry as it would remove some of the main challenges that they face currently. 

For example, while cannabis is legal in many states, it has become difficult for companies in the industry to operate, especially in the financial sector as many banks don’t serve them.

Additionally, the move will make it easier to buy and sell cannabis in the country. Most importantly, it will help these companies simplify their taxes.

READ MORE: Tilray stock flirts with death cross amid Trump’s silence on cannabis reform

Long pathway to rescheduling 

While Donald Trump’s support for rescheduling is important, it will not be an easy path, which explains why Joe Biden’s attempts failed. 

For one, the president cannot reschedule a drug by executive order. Instead, the process has to go through the normal rule making process that has been on hold since January this year.

At the same time, his efforts may face the legal challenges that Biden faced, with opponents arguing that the process was flawed and downplayed health risks. In a statement earlier this year, Kennedy warned about the public health risks and called for more research.

Most importantly, Donald Trump may face political challenges as most Republicans and evangelical Christians remain opposed to such a move. MAGA political commentators like Tucker Carlson and the Late Charlie Kirk also voiced concerns about the reclassification push.

Tilray Brands stands to benefit 

Tilray stock rose after the report because it would be one of the main beneficiaries of the move since it does not have a cannabis presence in the United States because of the regulatory issues.

The management has always insisted that it would only expand in the United States once regulations changed, which is now a possibility under Trump.

Tilray will likely have two main options in its US expansion. It may decide to sell its brands, which are already popular in Canada, to the country or use some of its cash to acquire existing companies, as it has over $600 million in cash.

Tilray has a long history with acquisitions, some of which have flopped. It acquired Aphria in 2021, a move that created the biggest cannabis company in the industry. Before that, it acquired Manitoba Harvest, and most recently, its buyouts were mostly in the beverage industry. It acquired SweetWater Brewing Company, Molson Coors, and three brands from Molson Coors.

What’s next for the Tilray stock?

Looking ahead, the most likely scenario is where the Tilray stock price surges as investors focus on the reclassification issue.

For example, the stock jumped from a split-adjusted low of $3.6 in July to $23 in October as Trump hinted at this reclassification. A similar move cannot be ruled out and the stock may surge to $20.

Another thing that cannot be ruled out is volatility, which may remain at an elevated level in the coming weeks.

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HIVE Digital Technologies stock (CVE: HIVE) has seen some massive growth recently.

In the second quarter, the company posted a whopping 285% jump year-on-year in its revenue to a record $87.3 million.

Currently, the stock trades around $4.00, but analysts see potential for over 100% upside, citing the company’s dual mining-and-AI strategy as a long-term wealth creator.

But the investors must also take a closer look at the tangle of execution challenges, massive dilution, and capital-intensity risks that could frustrate investors betting on outsized returns by 2026.

What can push this penny stock to a 2026 high?

HIVE’s operational achievements are legitimate.

The company produced 717 Bitcoin in Q2, up 76.6%, generating $82.1 million in mining revenue at a 48.6% gross margin after electricity costs.

With 25 EH/s operational and targets of 35 EH/s by end-2026, the company is positioning itself to capture Bitcoin’s productivity gains even if prices plateau.

At a Bitcoin price of $90,000 and current difficulty, HIVE’s annualized mining revenue run-rate approaches $400 million at 50 percent post-electricity margins.​

HIVE is repositioning from pure mining into Tier III+ AI data centers. Record BUZZ HPC revenue of $5.2 million (up 175% year-over-year) signals traction in a market where demand vastly outpaces supply.

The company’s 23 EH/s of operational hashrate generates cash flow that can fund capital-intensive GPU facility conversions without debt.

Analyst price targets average $8.46, implying 103 percent upside, and boutique research firms like HC Wainwright and B. Riley maintain buy ratings.

The execution gauntlet

Yet the fundamentals warrant caution.

HIVE reported a negative free cash flow of $220 million in the year ended September 2025, despite reporting $34.4 million in net income.

Over the past year, the company diluted shareholders by 87% through at-the-market offerings and equity raises, causing earnings-per-share to plunge 57% even as net income grew.

This dilution dynamic is particularly corrosive for long-term holders as profits may rise while per-share value stagnates or declines.​

The AI pivot itself is unproven and capex-intensive.

HIVE plans to convert facilities like Grand Falls into liquid-cooled GPU data centers capable of hosting 25,000 next-generation chips.

Retrofitting mining facilities for hyperscaler GPU workloads requires flawless execution and power stability, neither of which is guaranteed.

A single major customer loss or delay in capacity deployment could crater the growth thesis.

HIVE offers genuine upside potential for investors with high risk tolerance and conviction in the dual Bitcoin-plus-AI narrative through 2026.

But the stock is priced for flawless execution across multiple fronts, like hashrate scaling, customer wins in the GPU market, continued access to cheap power, and no major dilution.

For conservative investors, the combination of 87% share dilution, negative free cash flow, and unproven AI segment economics argues for waiting for proof of concept before committing capital.

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Gold prices hit a seven-week high on Friday due to a soft dollar and rising safe-haven demand.

Meanwhile, silver continued to hit record highs as the price inched up to $64 per ounce for the first time ever.

Oil prices were largely flat after spending most of the day in the red on concerns over a supply glut and a potential Russia-Ukraine peace deal.

Copper prices have continued their record-breaking ascent.

Following the Federal Reserve’s interest rate cut, the price saw a significant rise on Thursday, reaching nearly $12,000 per ton this morning.

This new high puts the current price of copper 36% above where it stood at the start of the year.

“The main driver is concern that supply will not be able to keep pace with rising demand,” Barbara Lambrecht, commodity analyst at Commerzbank AG, said.

Gold surges

Gold’s price surged back past $4,300 per ounce on Friday.

This level was last seen less than two months ago when the precious metal achieved its most recent record high.

Gold became more affordable for international buyers as the dollar, tracking a potential third consecutive weekly decline, hovered near a two-month low.

US jobless claims saw their largest increase in nearly four-and-a-half years last week, completely offsetting the substantial decline recorded the week before.

The US Federal Reserve enacted a third 25-basis-point rate cut this year on Wednesday, while simultaneously signalling a cautious approach toward any further reductions.

Markets are currently anticipating two rate cuts next year. The upcoming US non-farm payrolls report, scheduled for next week, is expected to offer additional insight into the Fed’s future policy direction.

“Although there are signs of a pause at the next meeting in January, the door remains open for further interest rate cuts after that,” Carsten Fritsch, commodity analyst at Commerzbank, said.

We expect more significant interest rate cuts than the market, especially after Powell’s successor as Fed chair takes office in May.

At the time of writing, the COMEX gold contract was at $4,372 per ounce, up 1.4% from the previous close.

Silver races to record high

Silver prices are currently soaring, having hit a new record high of $64.953 per ounce on Friday.

This record price reflects a significant gain of 10% just this week, and an overall increase of 27% over the last three weeks.

“The increase since the beginning of the year now stands at 120%. This means that silver is on track for its strongest annual gain since 1979,” Fritsch said.

The gold/silver ratio fell below 67 yesterday, its lowest level since June 2021, putting it only slightly above the average for the past 50 years.

Tense market conditions are driving this rise, characterised by low inventories in China and a reduction in silver inventories on the COMEX, despite COMEX inventories remaining higher than they were at the start of the year.

“But the daily MACD is now extremely overbought. While I could always be mistaken, I’ve checked my charts and can’t find a time when it has been this overbought before, stretching all the way back to the bull market which ended in April 2011,” said David Morrison, senior market analyst at Trade Nation.

At the time of writing, the March silver contract on COMEX was at $64.605 per ounce, slightly higher.

Oil steady

Oil prices were heading for a weekly drop after slipping further on Friday.

Investor attention was fixed on a supply surplus and the possibility of a Russia-Ukraine peace agreement, alongside worries about potential disruptions to Venezuelan oil supply.

According to Janiv Shah, an analyst at Rystad Energy, factors such as escalating tensions between the US and Venezuela, as well as Ukrainian drone strikes targeting a Russian oil rig in the Caspian Sea, are continuing to support oil prices.

The US is reportedly readying to seize more vessels carrying Venezuelan oil, following the interception of a tanker earlier this week, according to six sources familiar with the situation on Thursday.

Separately, Russian seaborne exports of oil products saw a slight decline of only 0.8% in November compared to October.

This minimal drop occurred despite a reduction in fuel exports from southern channels like the Black Sea and Azov Sea, as maintenance work at refineries concluded, offsetting the slump, data from industry sources and Reuters calculations indicate.

Market uncertainties have led to significant losses for the Brent and WTI benchmarks this week, with both dropping over 4% so far.

At the time of writing, the price of West Texas Intermediate crude oil was at $57.65 per barrel, largely flat from the previous close, while Brent was at $61.25 per barrel, also flat.

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Coupang stock price has suffered a big reversal in the past few months as a major data breach affected its outlook. CPNG plunged to a low of $25.80, its lowest point since May and ~25% from its highest point this year. So, will the stock rebound as it nears a death cross?

Coupang stock price technicals point to more downside

The daily timeframe chart reveals that the CPNG stock price has come under pressure in the past few months. It has plunged from a high of $34 in October to $25.85 today. 

The stock has moved below the 50% Fibonacci Retracement level. It has also dropped below the 50-day and 200-day moving averages, with the spread between the two narrowing. 

It has also moved below the important support level at $26.15, its lowest point in November. Most notably, it sits below the Ichimoku cloud and the Supertrend indicators.

Therefore, the most likely scenario is where the Coupang share price continues falling, with the next key level to watch being the 61.8% retracement point at $24.7. 

Why Coupang share price is crashing

Coupang, a company known as South Korea’s Amazon, has plunged because of a major hack that may cost it billions of dollars over time. It has also cost it its CEO, who resigned earlier this week.

The company has said that the hack compromised over 33 million active users, with the hackers gaining crucial information. Some of the stolen data are on their names, email and phone numbers, and shipping addresses. 

While customers’ data on credit and debit cards was safe, the exposed information can be used for phishing and other crimes. 

The most notable part of the crisis is how Coupang, a company valued at over $47 billion, did not detect the hack for over five months.  

Therefore, there is a likelihood that the company will receive a big fine from regulators. For example, SK Telecom was fined $97 million earlier this year over a leak that exposed 25 million customers.

South Korean lawmakers have suggested that the company should pay ~Won 1.2 trillion ($814 million), under a law that punishes firms that don’t adequately protect customer data. These firms are fined ~3% of their annual revenues. 

Hack to hurt growth and profitability, but turnaround is possible

The most recent results showed that Coupang’s business continued its grow in the last quarter. Its revenue rose by 18% to $9.3 billion, while its operating and net income rose to $162 million and $53 million, respectively. 

The company continued to repurchase its stock, a move that it hopes will lead to higher earnings per share (EPS) in the long term. 

However, the main issues is that the recent hack may lead to short-term volatility that will hurt its growth. It may also push the company to boost spending on cybersecurity, hurting its profitability. 

In the long-term, however, the company will execute a turnaround  as ther firms have done before. For example, Equifax, a major credit rating company, suffered a hack that exposed data of over 147 million users. A breach on Mariott exposed over 500 million users. 

Other companies that have suffered these breaches are Uber, Capital One, and Colonial Pipeline. Historically, these companies have all bounced back from these serious hacks. 

Therefore, while the Coupang stock price sell-off may continue, there is a likelihood that it will bounce back eventually. 

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The Dow Jones Industrial Average climbed to another record on Friday as investors continued to rotate out of technology shares and into value-oriented sectors.

The 30-stock index gained 114 points, or 0.2%, while the S&P 500 slipped 0.1% and the Nasdaq Composite declined 0.3%.

Broadcom fell 6% despite beating fourth-quarter expectations and issuing a strong forecast that included expectations for artificial intelligence chip sales to double.

The slump reflected ongoing pressure on the broader AI trade, which extended into Friday’s session and weighed on other chipmakers, including AMD and Micron.

In contrast, Lululemon surged 11% after the athletic apparel retailer said its chief executive will step down at the end of January following a year of underperformance.

Value sectors lead as investors rebalance post-Fed

The market’s latest shift continued a rotation trend that accelerated on Thursday, when investors moved into cyclical stocks seen as more sensitive to the economic outlook while trimming exposure to growth names tied to artificial intelligence.

Financials, health care and industrials benefited in early trading on Friday.

Citigroup, Eli Lilly and GE Aerospace were among notable gainers within those sectors.

This rotation follows the Federal Reserve’s third interest-rate cut of the year on Wednesday.

The move helped lift the Dow and S&P 500 to record closes on Thursday, even as the Nasdaq finished lower due to weakness in major technology components such as Alphabet and Nvidia.

The Dow was supported by a 6% rally in Visa and strong performance from Nike and UnitedHealth Group.

For the week, the S&P 500 is up 0.45%, while the Dow has gained almost 1.6%.

The Nasdaq is lagging, with gains of less than 0.1%. Small-cap stocks have outperformed, with the Russell 2000 index rising 2.7% and hitting a fresh all-time high on Thursday.

The divergence underscores investors’ changing preferences as rate cuts reshape expectations for borrowing costs and corporate profitability.

Smaller companies, whose financing costs are more closely tied to market rates, tend to benefit more immediately from monetary easing.

Goldman Sachs sees strong earnings growth ahead

Goldman Sachs analysts led by Ben Snider forecast that earnings per share for S&P 500 companies will rise 12% in 2026, followed by a 10% increase in 2027.

The firm expects productivity improvements linked to artificial intelligence to play a growing role, estimating AI will contribute roughly 0.4% to earnings growth in 2026 and 1.5% in 2027.

Snider noted that enterprise AI adoption remains in the early stages, with larger corporations making more progress than smaller firms.

He added that “healthy nominal top-line growth, a fading drag from tariffs, and continued earnings strength for the largest stocks in the index” should support profitability through the period.

Snider, who will become Goldman’s chief US equity strategist at year-end, reaffirmed his target for the S&P 500 to reach 7,600 points in 2026—about 10% above current levels.

Other major institutions, including Morgan Stanley, Deutsche Bank and RBC Capital Markets, have also projected double-digit gains for US equities next year, citing economic resilience, expanding earnings and ongoing investor appetite for risk assets.

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Broadcom stock (NASDAQ: AVGO) plummeted nearly 9% on Friday after the chipmaker warned that surging AI revenue would carry lower profit margins.

The development disappointed investors who had been betting on the company’s transition into custom chips for hyperscalers.

Friday’s sell-off came despite the company beating Wall Street estimates with fiscal Q4 revenue of $18.02 billion and guiding fiscal Q1 to $19.1 billion, both well above consensus expectations.

Broadcom’s stock plunge on Friday raised a critical question: is the AI chip boom hitting profitability headwinds even as demand accelerates?

Broadcom stock: Earnings beat, but margin warning stings

Broadcom delivered textbook earnings fundamentals.

Q4 adjusted EPS reached $1.95 on revenue of $18.02 billion, topping estimates of $1.87 and $17.45 billion. AI semiconductor revenue hit $8.3 billion in Q4, smashing prior guidance of $6.2 billion.

CEO Hock Tan highlighted a $73 billion backlog across custom accelerators, Ethernet switches, and AI infrastructure components, expected to ship over the next 18 months, visibility that most chipmakers can only dream of.​

For fiscal 2025, the company achieved record revenue of $64 billion (up 24%) with AI revenue soaring 65% to $20 billion.

Free cash flow grew 39% to $26.9 billion, and Broadcom declared a 10% dividend increase, signaling cash flow confidence.​

But here’s where the momentum broke: CFO Kirsten Spears projected Q1 gross margins would decline approximately 100 basis points sequentially due to a higher mix of AI revenue.

The analysts warned that lower-margin system sales, where Broadcom passes through component costs to customers, will represent a growing share of revenue.

The operating margins are expected to remain robust due to the leverage on fixed costs, but gross margin percentage compression is real.

What the margin math really means

Investors reacted sharply because the warning exposed an uncomfortable truth: the custom AI chips and systems carry fundamentally lower gross margins than traditional software products.

Broadcom’s custom accelerators and data center systems require higher component pass-through costs, eroding the gross margin percentage even as absolute dollar profit grows.​

The analysts also flagged another major concern: the concentration risk.

The $73 billion backlog relies on just five customers, primarily Google, Meta, and now Anthropic, and system sales have lower margins than the core networking business.

If any major customer slows orders or diverts to in-house chips, Broadcom’s growth story could hit an air pocket.

Friday’s sell-off was likely overblown. Broadcom’s operating margins remain industry-leading at 66.2% in Q4, and the company’s focus on custom silicon positions it as a structural beneficiary of hyperscalers’ push for architectural control.

The $73 billion backlog provides unusual revenue visibility.

However, the margin warning deserves serious attention. Broadcom is trading on growth assumptions that hinge on sustaining high pricing power and order flow from a concentrated customer base.

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Nvidia stock (NASDAQ: NVDA) continues to trade in red for the fourth straight session as a wave of profit-taking swept across semiconductor stocks.

The artificial intelligence stocks are witnessing a broader volatility after Oracle’s disappointing cloud revenue guidance and a stark margin warning from Broadcom that exposed uncomfortable truths about AI chip profitability.

Nvidia stock is facing mounting questions about whether $4.34 trillion in sector valuation can withstand margin pressure and slowing capex from its largest customers.

Why is Nvidia stock down today?

The immediate catalyst was Oracle’s stumble. As one of Nvidia’s largest customers, Oracle’s weak results and mounting debt load triggered fears that even hyperscalers are hitting return-on-investment walls with aggressive AI infrastructure spending.​

That was amplified hours later when Broadcom warned that gross margins would decline 100 basis points sequentially due to a rising mix of lower-margin custom AI system sales.

The message was unmistakable: as AI revenue scales, profit margins compress because custom accelerators and system builds carry inherently lower economics than specialty semiconductors.

Moreover, Nvidia’s recent weakness is not just about single-quarter earnings.

It reflects a broader realization that the semiconductor sector faces a profitable growth puzzle with soaring volumes, but margins under structural pressure.

The stock has declined 1.55% on Thursday, and sits 6.64% lower over four weeks, testing support at the 200-day moving average of $155.55.

The technical indicators flashed warning signs.

The RSI reading of 46.37 entered oversold territory, suggesting capitulation, yet momentum remains weak with MACD at -1.35.

What analysts say?

Wall Street’s response has been cautiously optimistic but increasingly cautious.

Raymond James reinstated coverage on Nvidia with a Buy rating and a $272 price target on Friday, describing the stock as a leader in “AI factories” with multi-year upside.

Morgan Stanley maintained its price target of $250, implying 37.55% upside, though the firm acknowledged near-term headwinds.

However, several analysts sounded warning notes. UBS analysts warned that crowded investor positions, combined with margin concerns, could trigger sustained selling pressure

The question now is whether this is a healthy correction in a long-term trend or the start of a re-pricing.

Oracle and Broadcom forced a discussion about how long hyperscalers will sustain capex growth if returns deteriorate.

AMD shares fell 3.05% in sympathy, suggesting the weakness is sector-wide. TSMC held up relatively better at -2.35%, implying investors are rotating toward foundry players.​

For Nvidia investors, three variables matter: whether Oracle stabilizes, whether Broadcom’s margins recover as custom AI systems gain scale, and whether Nvidia itself can defend pricing power for next-generation Blackwell chips.​

Until those questions are answered, expect volatility around technical support levels. The AI story remains intact, but the margin story now demands equal attention.

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